DEDICATED
TO A CLEAN ENERGY FUTURE
CHRIS BAILEY
Partner
Chris has been an innovator in structured finance for solar energy since 2007, leading and building entrepreneurial teams to underwrite M&A transactions and develop financial products across complex public and private equity financings. Chris led capital markets at TerraForm Power, where he was responsible for raising over $3 billion associated with the IPO and follow on transactions. Prior to TerraForm, Chris led SunEdison’s North America structured finance activities where he oversaw over $5 billion of innovative project financings. Chris was later a co-founder and CFO of PowerScout, an AI-enabled marketplace allowing homeowners to make smart purchase decisions around sustainable energy products. Chris has a B.S. in Policy Analysis and Management from Cornell University and an M.B.A. from the University of Chicago.
RYAN BENNETT
Partner
Ryan has 20 years of experience in solar, wind, energy efficiency and battery storage development and investing. Prior to founding 38 Degrees North, Ryan led project finance and capital formation for SunEdison's North American region. Ryan has held various development and investing positions in wind energy with Enron Wind which was later sold to General Electric; Greenrock Capital, an early investor in solar assets; and Fotowatio Renewable Ventures, a utility scale solar project developer. Ryan has a B.A. in Geology from Colorado College and an M.B.A. and M.E.M. from Yale University.
JAKE CARNEY
Partner
Jake has been an energy and finance professional since 2007. He was previously the Director and Head of C&I structured finance at SunEdison where he led approximately $650 million in C&I and $250 million in residential project financings. Prior to his time at SunEdison, Jake held roles in structured finance and project development in the wholesale and C&I market segments at BrightSource Energy, Agile Energy and Tioga Energy. Prior to his time in solar, Jake worked at Accenture as a management consultant to electric utilities and oil and gas companies. Jake has a B.A. from Middlebury College and an M.B.A. from UC Berkeley Haas School of Business.
Tom Hockin
Vice President
Tom has 15 years of experience in renewable energy development. Prior to joining 38 Degrees North, Tom led market development at AMP Robotics, an AI platform for advanced recycling and origination for Brightmark’s plastic to fuel technology. Prior to Brightmark, Tom led solar development for Northland Power in the US, Canada and Mexico, with responsibility for over 260 MW solar projects in operation. Tom has B.A. in English from Huron University and an M.B.A., International Business, from Georgia State University.
TIM LUTHIN
Vice President
Prior to joining 38 Degrees North, Tim was an Associate at Morgan Stanley in both the Equity Research and Investment Banking Division, focusing on public and private capital raises and M&A in the energy and healthcare sectors. Tim holds a B.A. in Human Biology and an M.S. in Earth Systems with a focus on renewable energy finance, both from Stanford University. While at Stanford, Tim was the Head TA of the Earth Systems Program and conducted biogeochemical research on kelp forests to better understand their potential as a carbon sink.
RYAN MACDONALD
Vice President
Prior to joining 38 Degrees North, Ryan was an Associate at Silicon Valley Bank on both the Venture Debt Credit Solutions and the Project Finance teams. On the Project Finance team, Ryan focused on financing utility scale, residential, and community solar transactions, and participated in financing approximately 1.5GW of transactions. Before joining Silicon Valley Bank, Ryan graduated from the University of Denver honors program as a double major in Finance / International Business with a distinction in Finance, for which he completed a capstone thesis on entrepreneurship.
JACK WILLIAMS
Investment Analyst
Jack joined 38 Degrees North after working as an analyst at the real estate investment firm Ballast Investments where he was an asset manager overseeing a large portfolio of multifamily housing in the Bay Area. Prior to Ballast, Jack was an analyst at Coastwood Partners, a private equity firm specializing in senior housing. Jack graduated from Colorado College with a B.A. in International Political Economy and ran for the varsity cross country and track teams.
LARA YOUNES
Investment Manager
With over six years of international and private sector experience in clean energy policy and finance, Lara’s geographical footprint in the industry spreads across the Americas, the Middle East and Africa. Lara started her career with the International Renewable Energy Agency and worked with leading renewables IPPs such as ReNew Power and Enel Green Power. Prior to joining 38 Degrees North, she worked with X-Elio, an international utility-scale solar PV developer, focusing on US transactions. Lara holds a master’s degree in Global Energy Management and Policy from Columbia University and speaks five languages.